Asked to expand upon this by BusinessCloud, he said: “I see a whole load of similarities to Microsoft’s place within the advent of the internet.

“You can argue that Microsoft’s tech is substandard and that it’s clunky – compared to say, Apple, it is nowhere near as innovative and up to the task.

“However the genius of Bill Gates was the fact he was in early and timing was everything. Whilst others were focusing on product development, he was focusing on adoption. Windows, Excel and Word are the go-to tool for every business.

“The next wave of crypto is all about adoption: those who crack that will succeed and those who don’t will fail.

“XRP and Ripple are getting into all the banks and positioning themselves.”

Ripple XRP is currently the third largest cryptocurrency after Bitcoin and Ethereum by market cap.

It is currently worth 52 cents per coin after climbing as high as 61c on Sunday.